EURUSD (1.1410): The EURUSD currency pair was seen closing on Monday with some modest gains after gapping lower on the open. Price action slipped below the 1.1400 technical level of support before recovering slightly. A bullish close on the day could potentially trigger some near-term upside in price action. On the 4-hour chart, the EURUSD could be seen targeting the 1.1540 level where resistance could be established. However, this is likely to occur on a potential decline back with a higher low being formed.
